Summary: In the first video “Ethanol in Brazil”, the discussion is about the use of ethanol and how it influences many new endeavors in Brazil. Brazil uses ethanol to make alcohol and then uses the alcohol for fueling their cars. Brazil grows sugar canes, processes it into sugar juice, adds yeast, and this mixture produces ethanol. Using Ethanol in Brazil has since changed their dependency on foreign oil; Brazil went from 80 percent dependency on foreign oil to around 10- 15 percent dependency. In addition to the lower dependency rate, Brazil started a new endeavor called “Flex Fuel” cars. This car can run on ethanol, gasoline, or a mixture of both. One bystander in the video preferred to use the ethanol alcohol over gasoline because it was half the price of gasoline. One cool thing about the “Flex Fuel “car is that it has separate tanks for gas and alcohol, since alcohol does not work well with cold weather, drivers can decide to use gas …show more content…
These happenings promote growth and help to build relationships with other countries. I see it as a way to help each other out. The reason why firms engage in International business is because they have a need that they cannot provide themselves. To fulfill these needs, firms use international business to compensate for low resources, to save and make more money, and to grow and expand their business. For example, Starbucks started as a stand-alone company, and then they expanded within in the U.S, and then eventually went international. Starbucks decision to do international business has expanded their brand; as a result, they have become the most recognizable coffee brand in the world. International business is important because it influences growth of a business; it creates partnerships with many different countries, and most likely increases profits. If a business wants to reach the maximum success, participating in international business is a great
* So companies can increase company revenue and be able to dominate international markets in order to establish more stores and spread product around. A good example is McDonalds, they are everywhere. This helps the US because in revenue allows a company to keep its base in the US, increase the national gross product, drive consumer activity, keep jobs, and increase the export business, which goes along with jobs.
In the New York Times article, “As Ethanol Booms, Critics warn of Environmental Effect”, Erica Gies writes about the many misconceptions of how ethanol is impacting everyday lives. She narrates the drawbacks of producing ethanol and how it was suppose to reduce emissions, but this is questionable due to the lengthy process and number of refineries and resources needed. Then she goes into further details about the local effects in our nation’s increased food prices, water pollution and consumption. By writing this article in the New York Times Gies’s primary audience will be those subscribed to New York Times, or follow this newspaper regularly. The secondary audience will be anyone caught in conversation by someone who has read the article and that maybe directly or indirectly related to ethanol issues.
Furthermore, companies have adequate resources at their disposal and new technologies in research, and productions. It also helps to create job employment, improving the state of economy. Protectionism associated to isolationism interferes with the economy, which worsens the state of living for many people.The most important economic benefit of internationalism is low costs and a global increase in business and trade. Lower production costs mean lower price inflation. By looking at international markets and global customers to purchase products and by creating global demands for local products, internationalism leads to overall increase in business
That fuel source is called corn-ethanol, and a majority of people can see the main ingredient, which is, corn in America 's farm fields. Corn is grown annually and it does not take millions of years to reproduce. Oil is a fuel source that takes millions of years to reproduce. A biofuel is the process of taking any once living plant and abstracting the plant 's energy to make a fuel. People in America are supporting Biofuels, including corn-ethanol because it does not require oil. It also reduces green house gasses, which makes it better for the environment (Cassman 59). The common view of ethanol is that it is just a research project to make the environmentalists happy but that is not true. It has the potential to keep America 's economy rolling, supply a fuel source, and still feed livestock with its byproducts. The key to success as a country is to use what we already have an abundance of in this country. The evidence is all there for this argument many Americans just need to become educated about this topic. The main
The article states that ethanol is not a desirable replacement for gasoline and provides three reasons of support. The professor explains that ethanol is a good alternative to gasoline and refutes each of the author's reasons.
Ethanol fuel has many positive features as an alternative to the use of liquid fuel. First, ethanol is renewable. A relatively safe fuel would show very few engine changes. Second, its energy density is much higher than with some of the other alternative fuels, such as methanol, which means there would be less volume required to go the same distance. With the third benefit of ethanol, it would be able to improve much of the agricultural economies by providing farmers with stable market crops, such as maize and sugar beets, and with
Not only is Ethanol “a renewable energy source that can be produced domestically by using a wide range of agricultural crops,” but under this act was the Renewable Fuel Standard, which “is a federal program that requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels,” Ethanol is apart of and therefore becomes much more useful than fossil fuels. On top of creating the Renewable Fuel Standard, the act also “lifted the oxygenate requirement for reformulated gasoline, allowing refiners to produce gasoline without an oxygenate, provided that gasoline continues to meet Clean Air Act standards. Oxygenates, such as ethanol or MTBE, are added to reformulated gasoline to make the fuel burn cleaner and produce fewer tailpipe emissions.” While Ethanol production had been increasing, it wasn’t until about 2005 when production growth for Ethanol, and therefore the corn being used for Ethanol, began to grow much quicker. (Graph
produce products and sold to multi country. The primary purpose of business internationalise is seek a wider range of competitive advantages and integrate resource in order to profits maximization. The Internationalization motives include three
The level of internationalisation around the globe has grown throughout the years, with advanced technologies the ease and ability to work with foreign countries has also grown. However, firms do not simply interact with each other with no outside party involvement; the government can be seen to play a large role in conducting international business. Governments continuously have the responsibility to act in the manner that they believe is best for their nation; this includes decisions regarding protectionism, which may serve to aid domestic industries but simultaneously hinder international business. It can be seen that governments do not always act in their nation’s best interest and are corrupt which can serve to increase the risks and costs of entering an international business environment. While these are examples in which the government makes international business difficult it can also be seen that the presence of a government is instrumental in creating international business effectiveness, whether this be through their legal system or from trade agreements. This makes the role the government plays paradoxical; as their involvement generally increases the risks and costs of firms seeking to internationalise, whilst simultaneously playing a significant role in creating international business effectiveness.
Well known companies like Nike, Microsoft, Sony, Shell Group are just some of the big companies that went global and expanded their trading around the world, they are large businesses that operate internationally in many countries. Development of worldwide integration urges companies to reach out international markets and interact with foreign customers. Businesses focus on fulfilling the demand of the market by its products or services, besides their target is increasing profit, in order achieve these goals they favor to expand their work in a foreign market. Other reasons to internationalize their business may be to become
Many companies today want to expand their business to the international business, which can bring cost down and profits up. Taking a business internationally means knowing the rules and regulations of the countries you are entering. There can be many issues with going global which include cultural barriers, diversity issues, multicultural issues, political issues, and economical issues. It is very important to know how important expansion is to the company and what implications will come from going global.
This essay will first discuss the advantages of using corn ethanol as the main source of fuel in the future, such as the renewable features of corn itself, and the benefits of using corn ethanol as an additive of gasoline instead of using gasoline alone. However, everything has its strengths and weaknesses. Therefore, the second part of the essay will discuss some of the weaknesses in applying the fuel into practical usage. For example, corn ethanol currently encounters technical limitations serving itself as a standalone fuel, meaning that corn ethanol can only function by combining itself with a certain amount of gasoline, while gasoline is a kind of fossil fuel. Lastly, this essay will conduct a comparison with other renewable resources in the world, including solar power, other biofuels, and hydrogen fuel.
Globalization offers industries many ways to increase their profits. Since businesses and corporations have access to a wider range of potential clients, they have a chance to increase profits. Global competition also
International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources includes capital, skills, and people. for international production of physical goods and services such as finance, banking, insurance, and construction.
Increase Sales: - if a business succeeds in the US, going international will likely improve the overall revenue. Approximately 96% of the world’s population lives outside of the United State and 90% of the world’s population do not speak English, that suggest that customer is global and if a business has to look beyond the end of the domestic market, you have real upside potentials